Meixler Investment Management Ltd. Has $2.40 Million Position in Warrior Met Coal, Inc. (NYSE:HCC)

Meixler Investment Management Ltd. lowered its holdings in Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 23.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,515 shares of the company's stock after selling 11,754 shares during the period. Warrior Met Coal makes up 1.8% of Meixler Investment Management Ltd.'s portfolio, making the stock its 13th biggest position. Meixler Investment Management Ltd. owned about 0.07% of Warrior Met Coal worth $2,397,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in shares of Warrior Met Coal by 38.6% during the second quarter. GAMMA Investing LLC now owns 517 shares of the company's stock worth $32,000 after purchasing an additional 144 shares during the period. Blue Trust Inc. lifted its stake in Warrior Met Coal by 48.5% in the third quarter. Blue Trust Inc. now owns 551 shares of the company's stock valued at $35,000 after buying an additional 180 shares during the last quarter. EntryPoint Capital LLC acquired a new position in shares of Warrior Met Coal during the first quarter valued at $54,000. Ausbil Investment Management Ltd acquired a new stake in shares of Warrior Met Coal in the 2nd quarter worth about $82,000. Finally, Meeder Asset Management Inc. bought a new stake in Warrior Met Coal in the 1st quarter valued at about $104,000. 92.28% of the stock is owned by hedge funds and other institutional investors.

Warrior Met Coal Price Performance

HCC stock traded down $2.89 on Monday, hitting $71.82. 755,613 shares of the company's stock traded hands, compared to its average volume of 769,560. The company has a current ratio of 5.81, a quick ratio of 4.67 and a debt-to-equity ratio of 0.09. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of 10.32 and a beta of 1.02. Warrior Met Coal, Inc. has a 1-year low of $46.66 and a 1-year high of $75.53. The stock has a fifty day moving average of $60.77 and a 200-day moving average of $63.79.

Warrior Met Coal (NYSE:HCC - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.40 by $0.40. The business had revenue of $327.72 million during the quarter, compared to the consensus estimate of $322.21 million. Warrior Met Coal had a return on equity of 19.00% and a net margin of 23.77%. Warrior Met Coal's revenue was down 22.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.85 earnings per share. On average, analysts forecast that Warrior Met Coal, Inc. will post 5.62 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 5th will be issued a dividend of $0.08 per share. The ex-dividend date is Tuesday, November 5th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.45%. Warrior Met Coal's dividend payout ratio is currently 4.42%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on HCC. Benchmark reaffirmed a "hold" rating on shares of Warrior Met Coal in a research note on Monday, August 5th. B. Riley increased their price target on Warrior Met Coal from $89.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Warrior Met Coal has a consensus rating of "Hold" and a consensus price target of $75.75.

Warrior Met Coal Profile

Warrior Met Coal, Inc produces and exports non-thermal metallurgical coal for the steel industry. It operates two underground mines located in Alabama. The company sells its metallurgical coal to a customer base of blast furnace steel producers located primarily in Europe, South America, and Asia. It also sells natural gas, which is extracted as a byproduct from coal production.